Get sales and use tax answers that keep your company legal and you out of hot water!

Receive tips and techniques that may save your organization thousands in penalties

Gain new insights into the most commonly misunderstood aspects of sales and use taxes

Learn the sales and use tax requirements in your state and all other jurisdictions where you have tax liability

Discover where to find the latest changes in sales and use tax laws that govern your industry

Be able to protect your company against audit surprises

Explore tax savings opportunities and exemptions you may not be aware of

Understand how e-trade is affected by sales and use tax

Find out how to streamline your recordkeeping without putting your company at risk

And even more you'll put to use immediately on the job!

If you have questions about sales and use tax laws, you're not alone. There are 7,500 different taxing jurisdictions in the United States alone, and they routinely tax the same products differently. It's easy to understand why our sales and use tax laws are considered among the most complicated in the world.

To add to your challenge, state governments are aggressively pursuing new avenues of taxation. Faced with a slumping economy, they want a bigger piece of the revenue pie. Clearly, your job has never been more difficult — or important — to your organization.

Get The Information You Need — Not Generalities!

Some sales and use tax seminars offered by other companies give you a cursory overview of sales and use tax with little of the practical, real-world information you need to correctly handle day-to-day tax questions.

This seminar is different. At the end of the day, you'll leave with essential information you can put to use right away. You'll understand sales and use tax and be able to apply it correctly for your organization. That's a lot of value for the investment of only one day.

AGENDA

Understand The Law And What It Means For Your Company

The difference between a sales tax and a use tax

The key factors that determine which tax applies in each situation

4 types of tax states and how each affects your legal obligations

Ways to steer clear of the most common — and costly — use tax pitfall

How to identify where your company has nexus for sales and use tax purposes

What constitutes an out-of-state connection strong enough to incur tax collection responsibilities there

Master The Mysteries Of Multi-State Transactions

How to know which tax rate applies when multiple jurisdictions have competing claims

Internet sales — what the Internet Tax Freedom Act is and how it affects your company

The possible use of the mail-order use tax on your customers

How to avoid triggering tax liabilities in other states

How to know if a vendor is illegally charging you tax

Understand Taxation For The Most Common Transactions In Your Industry

The correct way to value self-constructed assets for use tax purposes

Common inventory withdrawals that are subject to use taxes

The most prevalent filing mistakes and how to prevent them

What tax breaks your industry is entitled to

Providing services — how to know when you're supposed to pay sales tax

The often misunderstood general rule on taxation of computer software

The correct way to treat taxation of transportation and shipping charges

Maintain Records That Stand Up Under Fire In An Audit

The best answer to the question: Why are you doing it that way?

2 statements you must never make to an auditor

Recordkeeping essentials — including exemption documentation

Best practices to ensure you have the right support in an audit

Where to look for exemptions and exceptions

When you are personally liable for tax mistakes and how to make sure this never happens

What to do immediately if taxes have been overpaid

The consequences of underpayment — important information about what to expect

CPE CREDIT

Fred Pryor Seminars and CareerTrack are registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

CPE certificates will be available 10 days after your event has ended.